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Tech Data information


Tech Data Corporation
IndustryDistribution (business)
Technology
Electronics
Computer hardware
Computer software
IT consulting
Retail
FoundedClearwater, Florida, U.S.
(1974; 50 years ago (1974))
FounderEdward C. Raymund
Headquarters
5350 Tech Data Drive, Clearwater, Florida
,
U.S.
Area served
Worldwide
Key people
Rich Hume (CEO)
Charles V. Dannewitz (CFO)
RevenueIncrease US$36.775 billion (2018)[1]
Operating income
Increase US$410 million (2018)[1]
Net income
Decrease US$116 million (2018)[1]
Total assetsIncrease US$12.653 billion (2018)[1]
Total equityIncrease US$2.921 billion (2018)[1]
OwnerApollo Global Management
Number of employees
~14,000 (January 2018)[1]
Websitetechdata.com

Tech Data Corporation (commonly referred to as Tech Data) was an American multinational distribution company specializing in IT products and services headquartered in Clearwater, Florida. It merged with competitor Synnex to form TD Synnex. Synnex is to be the primary owner (55% share).[2] Tech Data provided a broad range of product lines, logistics capabilities and value-added services that enable technology manufacturers and resellers, such as Google, Apple, Cisco, Dell, Fortinet, Hewlett Packard Enterprise, HP Inc., IBM, Lenovo, LG, Microsoft, Sony, Trend Micro, Viewsonic, TP-Link and VMware, to deploy IT solutions.

Tech Data is now one of the world's largest distributors of IT products and services, generating $37.7 billion in net sales for the fiscal year ended January 31, 2017.[3] The company ranked No. 83 on the 2018 Fortune 500[4] and one of Fortune's "World's Most Admired Companies."[5]

  1. ^ a b c d e f "Tech Data Corporation FY2018 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. March 2018.
  2. ^ Kilgore, Tomi. "Synnex stock rallies toward a record after $7.6 billion merger deal with Apollo's Tech Data". MarketWatch. Retrieved 2021-03-22.
  3. ^ "Tech Data". Fortune. Retrieved 2018-11-10.
  4. ^ "Fortune 500". Fortune Magazine.
  5. ^ "World's Most Admired Companies 2015". Fortune Magazine.

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